Spending Wisely and Getting Into the Habit of Saving From an Early Age is Important- IELTS Writing Task 2

Spending wisely and getting into the habit of saving from an early age is important. To what extent do you agree or disagree? Use specific reasons and examples to support your position.

Outline

Essay type

Opinion essay

Introduction

Begin the essay by mentioning that habituating savings and wise spending from early on is important.

Sentence 1 – Elaborate on how important and beneficial it is.

Sentence 2 – Express your opinion, and mention that this essay is going to elaborate on the character development and future applications of such habits.

Body paragraphs

Paragraph 1: Explain how educating a child about money and the positive habits like saving, investing and careful spending needs to be undertaken. Give an example of how such an education shapes the character of a child.

Paragraph 2: Stress on the development of sense of responsibility and relate it to reasoning. For instance, an adolescent will make reasonable purchases once he realises he’s responsible for them. Emphasise on how this blooms into the mind of an early adult. Also, mention a bit of information regarding financial knowledge and planning. State real life examples.

Conclusion: Restate your views.

Sample Essay

Being taught to make decisions on purchasing relevant commodities and developing the skill to ration fewer amounts of money in the early years of childhood, has proven to be of vital importance, and I am a strong advocate of these teachings. This essay shall elaborate on the character development and future applications of such habits.

Firstly, the human brain has proven to develop quicker in the early years after birth as compared to those after acquiring maturity. During this early developing stage, most of the social and cognitive skills of a child begin to take shape, mostly from the environment that they are surrounded by. One of such situations that a child must be exposed to, is being able to manage fewer amounts of money. This has proven to instill a sense of responsibility in the mind of a child. For example, many parents purchase playable supermarket sets where the toy comes with artificial money and a few plastic coins. Children found to be playing with such toys have shown a reasonable sense of responsibility towards other goods as well.

Secondly, once a sense of responsibility has been developed, the child begins to reciprocate similar character for all the matters at hand. Being able to decide which commodity they should purchase while shopping, triggers a sense of reasoning in the minds of an adolescent. This thinking capability later develops into young adults being able to decide on many financial matters. Whether a certain product must be purchased or should the same amount be invested in the form of shares in the stock market or saved in the banks as a deposit in order to benefit from the interest earned, is an example of future application of these types of early learning.

To conclude, the development of responsible character along with the benefit of practising reasoning while making purchases is an essential form of learning that must be taught at an early age. The advantages of this might not be visible in the beginning, but become more evident and conspicuous in the years to follow.

Vocabulary

• Cognitive 

Meaning – relating to cognition.
Example – With the advancement of technology, scientists have shown keen interest in the cognitive processes of the brain.

• Instill 

Meaning – gradually but firmly establish (an idea or attitude) in a person’s mind.
Example – His words instilled fear in the minds of his parents.

• Reciprocate 

Meaning – respond to (a gesture or action) by making a corresponding one.
Example – He kneeled down to reciprocate the honorary title bestowed upon him.

• Adolescent 

Meaning – (of a young person) in the process of developing from a child into an adult.
Example – Parents worldwide jokingly say that an adolescent is the hardest person to deal with.

• Conspicuous 

Meaning – clearly visible.
Example – Ram’s conspicuous bird tattoo landed him in deep trouble.